Like-for-like sales were 6 per cent higher in the first 10 weeks of the new financial year, although this was lower than the 9 per cent increase seen over the year.

The group said: "The UK menswear market remains highly competitive but the company sees considerable opportunity to grow its share of the market."

Moss reported half-year profits for the first time in five years last October after putting in place a strategy to improve product ranges and tackle supply chain problems.

Today it said refurbished Moss stores were performing ahead of expectations and that there was "substantial unrealised potential" at its existing shops. The company currently trades from 102 Moss sites, 26 Cecil Gee stores and 11 Hugo Boss.

It said the company was now operationally stronger and had an experienced management team that understood the business.